COST-EFFECTIVE EQUIPMENT LEASING FOR VENTURE CAPITAL-BACKED AND EMERGING GROWTH COMPANIES.
Alliance Capital Ventures (ACV) provides equipment leasing to venture capital-backed and emerging growth companies located throughout the eastern half of the United States. By applying venture capital selection criteria and disciplined equipment management techniques, ACV has successfully written over $1 billion in lease financing since 1992. Additionally, ACV structures vendor leasing programs which enable our portfolio companies to offer lease financing on the sale of their products and software.
Equipment leasing is a cost effective way to finance the purchase of fixed assets. Rather than use working capital to acquire depreciating assets, leasing is a source of fixed-rate term debt. It allows companies to pay for equipment over time without depleting cash balances or tapping into bank lines of credit. It is typically more flexible than bank financing in that it does not require financial covenants or extra collateralization. Leasing is also generally easier to arrange and may offer tax benefits in some situations.
"When any of our portfolio companies have equipment financing or venture debt requirements, we often recommend the services of Alliance Capital Ventures."
Brenda D. Gavin, Partner
Quaker Partners
KEITH A. BRINKS
Located in Philadelphia, PA, Keith covers the Mid-Atlantic and New England regions. Keith has spent over 20 years in the financial services industries since obtaining an MBA from The University of Michigan. Previous experience includes 8 years with Mellon Bank as a corporate lending officer and 2 years with John Hancock Leasing Corporation. Keith founded Alliance Capital Ventures in 1992.
MARC D. BRINKS
Marc joined ACV in 1994 and opened the Charlotte, NC office to meet the growing need for venture leasing services in the South. He works with companies located in Florida, Georgia, North Carolina, South Carolina and Texas. Marc has 15 years of commercial banking experience. Prior to joining ACV, he directed the treasury functions in the Investment Banking Divisions of Michigan National Corporation and Mellon Financial Corporation. Marc received an M.B.A. degree from Western Michigan University and is a Chartered Financial Analyst.
OUR EXPERTISE
EQUIPMENT FINANCING
Application – for leasing needs under $250,000 and for companies that have been in business longer than five years.
Venture Leases – for venture-backed companies with little or no revenues. Lease line amounts up to $5 million.
TERM LOANS
Venture Debt – for venture-backed companies looking for an alternative to raising additional equity. Amounts up to $5 million often require an all asset lieu.
Asset-backed Loans – for growing companies with strong balance sheets enabling unencumbered assets to be monetized as collateral.
WORKING CAPITAL
Backed by eligible accounts receivable. Credit line amounts up to $5 million.
Factoring turns invoices into cash.
SOLUTIONS
EARLY STAGE
Most start-up companies need to make capital expenditures to implement their growth plans. These same companies are typically concerned with conserving cash. Deciding to lease their equipment then becomes a strategic advantage. Leasing enables companies to get the equipment they need to grow and manage cash flow. Developing companies can lease equipment through an application process that looks at its credit history. Companies backed by venture investors are able to establish larger lines of credit used for on-going equipment purchases.
DEBT vs. EQUITY
As a company continues to grow, the need for capital may still be critical. Additional investor equity is a common solution, but increasingly companies are turning to term debt to help fund their growth. Loans backed by assets (accounts receivable, inventory or fixed assets) are the most common and frequently provide a cheaper source of funding than raising more equity and diluting shareholder value.
EXPANSION
Middle market companies often find they need to make significant capital expenditures to take advantage of new opportunities in their market. They may be faced with a strategic acquisition opportunity that will enable them to scale the business to a new level. Funding expansion plans through new equity or cash flow are options, but using leasing , term debt or working capital lines often provide the most economical and substantial solutions.
RECENT TRANSACTIONS
ACCOLADE, INC.
Accolade secured financing for technology equipment for expansion.
CERTES NETWORKS
Certes Networks secured financing for technology equipment for expansion.
VIVERAE, INC.
Viverae secured financing for technology equipment for expansion.
ONSITE DENTAL
Onsite Dental acquired dental equipment for mobile and corporate dental clinics.
BAEBIES, INC.
Baebies, Inc. acquired laboratory precision dispensing equipment.
AVADIM TECHNOLOGIES
Avadim Technologies financed Bionome Therapies manufacturing equipment.
IMMUNOME
Immunome acquired laboratory screening equipment for cancer research and therapies.
MACSTADIUM
MacStadium financed data hosting technology equipment.
AIRSAGE
AirSage financed technology equipment for aggregating geotemporal signals.
IAG ENGINE CENTER
IAG Engine Center financed tooling equipment for aerospace engine refurbishing.
CRC
CRC financed wafer pedestal manufacturing equipment.
KBI BIOPHARMA
KBI BioPharma acquired laboratory equipment.
AVIDXCHANGE
AvidXchange financed technology equipment.
Lease Application
To initiate the lease approval process, please download and complete our lease application and email it to mbrinks@acvinc.com. We will respond to your request within 24 hours. Thank you for your interest.
